Concho Resources and Yahoo Finance

Concho Resources was an independent oil and natural gas company focused on developing and producing resources in the Permian Basin of West Texas and Southeast New Mexico. While Concho Resources as an independent entity no longer exists, its historical performance and data are still relevant and can be found on platforms like Yahoo Finance.

Historical Data on Yahoo Finance

Yahoo Finance holds historical stock quotes, financial statements, and news related to Concho Resources (CXO). By searching “CXO” on Yahoo Finance, you can access information such as:

• Historical Stock Prices: Track the company’s stock performance over various periods, including daily, weekly, monthly, and yearly data. This allows analysis of price trends, volatility, and key events that impacted the stock.
• Financial Statements: View Concho’s past income statements, balance sheets, and cash flow statements. These provide insights into the company’s revenues, expenses, assets, liabilities, and profitability. Understanding these financials helps assess Concho’s historical financial health.
• Analyst Ratings: Access past analyst ratings and price targets for Concho. Although these are no longer current, they offer a glimpse into the market’s perception of the company’s potential at different points in time.
• News and Articles: Read news articles and press releases related to Concho Resources. This helps understand key events, announcements, and industry trends that affected the company.

Acquisition by ConocoPhillips

It’s important to note that Concho Resources was acquired by ConocoPhillips (COP) in January 2021. This acquisition effectively dissolved Concho Resources as an independent entity. Consequently, Concho’s stock (CXO) is no longer actively traded. Its historical data, however, remains available on Yahoo Finance and serves as a record of its past performance.

Relevance of Historical Data

While Concho Resources is no longer a standalone company, its historical data on Yahoo Finance can still be useful for:

• Industry Analysis: Understanding Concho’s past performance can provide insights into the Permian Basin oil and gas industry. Its financial results, production data, and strategic decisions offer valuable context for analyzing the region’s dynamics.
• M&A Studies: The acquisition of Concho Resources by ConocoPhillips serves as a case study for mergers and acquisitions in the energy sector. Analyzing the deal’s terms, rationale, and subsequent performance can inform future transactions.
• Valuation Benchmarks: Concho’s historical valuation multiples (e.g., price-to-earnings ratio, enterprise value-to-EBITDA) can be used as benchmarks for valuing other companies in the oil and gas industry.
• Academic Research: Researchers studying the energy sector, financial markets, or corporate strategy can use Concho’s historical data for their analysis.

Accessing the Information

To access Concho Resources’ data on Yahoo Finance, simply search for the ticker symbol “CXO” on the Yahoo Finance website or app. Remember that the data is historical and reflects the company’s performance prior to its acquisition by ConocoPhillips.